Glassnode：还有牛市吗？本轮下跌势头的底部是多少？
比特币的市场结构已进入 ATH 后的分配阶段，总需求疲软，近期顶级买家持续抛售压力。自 1 月初以来，累积趋势得分一直保持在 0.1 附近，而 CBD 热图显示投资者的逢低买入反应正在减弱。

比特币继续面临持续的抛压，尤其是来自近期买家的压力。自 1 月，BTC需求疲软，增持势头减弱。短期持有者正抛售，推动 STH-SOPR 进入亏损区域，与 2024年8月崩盘如出一辙。

Glassnode：还有牛市吗？本轮下跌势头的底部是多少_金色财经

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Glassnode: Is there still a bull market? What is the bottom of this round of downward momentum?

Bitcoin's market structure has entered the distribution phase after ATH, with weak total demand and continuous selling pressure from top buyers in the near term. The cumulative trend score has remained around 0.1 since early January, and the CBD heat map shows that investors' buying reaction on dips is weakening.

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

Key Highlights:
Chrome extension of the Trust Wallet was breached today, December 26, 2025, which drained $7 million from the users.
Only browser extension had been affected.
ZachXBT has also flagged ...

Trust Wallet Hack: $7M Drained, Scammer Exposed by ZachXBT

Cardano price remains in a deep bear market, continuing a sell-off that started in December last year when it peaked at $1.3245. It was trading at $0.3565, down by ~73% from its December peak, and its...